Qatar Metal Fabrication Equipment Market Outlook to 2022

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Qatar Metal Fabrication Equipment Market

The market has been estimated at USD XX billion in 2016 and is projected to reach USD XX billion by 2022, at a CAGR of XX% during the forecast period (2017 to 2022).

Metal fabrication holds a prominent place in the manufacturing industry, where it involves building metal components for various applications. With the latest technological advancements, such as IoT and automation, the metal fabrication industry is undergoing rapid changes. Metal Fabrication has a huge market, where the fabricators are introducing strategies to cut down on their production costs, while tapping on new approaches, like the adaptation of control systems, etc. These equipment have several industries as end-users, with many processes involved in metal fabrication that include milling, forming, welding, machining, stamping, finishing, etc. The processes result in the production of various forms of components that have applications across industries. The metal fabrication equipment market is expected to grow at a remarkable rate, as the world moves toward industrialization, owing to the growing population.

Qatar metal fabrication equipment applies to different sectors, such as residential, commercial and industrial. Hence, the market segmentation is done based on these categories. The equipment market has also been categorized by the type of fabrication process, into machining, cutting, forming, welding and others. The XX type had the largest market share, with XX%, in 2016. The market has also been segmented by the end-user industry, into oil & gas, automotive & aviation, power plants, mining, chemicals & mining, construction, and others. The XX end-user occupied the largest market share, with XX%, in 2016. The major local and international companies dominating this market for its products, services, and continuous product developments have been listed in the report.